Sony Expands Buyback Plan Through May to $1.6 Billion

Sony Group Corp. is expanding its ongoing share buyback program to as much as ¥250 billion ($1.6 billion), up from its previously announced ¥150 billion, as part of a push to increase capital efficiency.

The Japanese entertainment group now plans to buy back as many as 90 million shares, up from a previously announced 55 million shares, from Nov. 12 last year to May 14, according to a statement Thursday.